Risk management practices from risk maturity models perspective

Abstract

The paper aims at providing insight to the understanding, application and utility of Risk Maturity Models that represent a valid tool supporting risk management procedures in organisations. Founded on thorough conceptual analysis of available literature and applicative studies, the paper explains the purposes and methodology of constructing Risk Maturity Models, and then demonstrates possible ways of their use with the application of panel data characterising risk management practices of sampled Polish companies. The demonstration results in pre-mature assessment of risk management practices of Polish companies within the selected criteria.